SELL GBP/USD 1.4403
TAKE PROFIT 1.4383
STOP LOSS 1.4433
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
RESULT ORDER NOT TOUCHED
THURSDAY February 12, 2009
It is likely to fall towards 1.2747 unless a corrective rally breaks the 1.2952 resistance. Stop above 1.2991 zone.
It may meet resistance in 1.4396 - 1.4426 zone for a drift down to 1.4306 zone, after which bounce to 1.4481 is anticipated.
Market should hold major support at 89.30 before rising towards 90.87 or even 91.34 limit.
Difficult to predict the next move. If first down it should hold 1.1547 or 1.1518 to 1.1639. If first up it should face resistance in 1.1608 - 1.1639 zone to 1.1518 zone.
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